Category: Economy
Housing: Is It Becoming a Seller's Market?
February 25th, 2013
The National Association of Realtors said on Thursday what home buyers and real estate investors in many parts of the United States have known for months: it’s becoming a seller’s market. The number of homes listed for sale in January …Read more »
National Economic Outlook (February 2013)
February 1st, 2013
Home construction rarely matches the actual demand for new homes, which can change quickly - there's often too much or too little. Because the US population grows one percent per year about 1.5 million new homes are needed every year. …Read more »
Real Estate, Inflation and the Fiscal Cliff
January 6th, 2013
There’s been a lot of fuss on how the "fiscal cliff" will get the U.S. economy into trouble in 2013. For starters, here’s a thorough explanation of how it can impact the economy. (Video published by the WSJ on Oct. …Read more »
National Economic Outlook (December 2012)
December 17th, 2012
It's becoming clear to me that what we've been thinking of as a stage in the recovery actually is the recovery. Job growth at a 1.5 percent annual rate is well below our hopes from previous cycles but its getting …Read more »
65% of Housing Markets Worse Than Four Years Ago
October 22nd, 2012
Sixty-five percent of U.S. housing markets are worse off today than they were four years ago according to the California-based real estate research firm RealtyTrac. The results of the survey arrive the same day as the final presidential debate and …Read more »
National Economic Outlook (October 2012)
October 10th, 2012
Unemployment in September fell to 7.8% (according to government stats) but otherwise the economic situation was pretty much as it has been for the last six months: improving but at a slow rate. Employment was up 1.4% over last year, with …Read more »
Real Estate Market Report
October 1st, 2012
After nine consecutive months of appreciation, August was the first month where home values decreased by 0.1% to $152,100, according to Zillow. 2012 has seen a turnaround in the housing market with sustained appreciation that, at times, has been very …Read more »
Is the Fed’s QE3 Good for the Housing Market?
September 25th, 2012
Last week, the Federal Reserve announced a new round of “quantitative easing,” or QE3, meaning the Federal Reserve will fire up the printing presses to buy $40 billion worth of mortgage-backed securities (MBS) every month on an open-ended basis in …Read more »
National Economic Outlook (September 2012)
September 10th, 2012
Let's do the jobs math. In August, as in the preceding months, the number of jobs was 1.4 percent higher than last year. We're probably stuck at this growth rate which translates to 1.8 million new jobs per year. Unemployment …Read more »
